mackaycartoons

Graeme MacKay's Editorial Cartoon Archive

  • Archives
  • Kings & Queens
  • Prime Ministers
  • Sharing
  • Special Features
  • The Boutique
  • Who?
  • Young Doug Ford
  • Presidents

TO2015

Friday September 18, 2015

September 17, 2015 by Graeme MacKay
By Graeme MacKay, Editorial Cartoonist, The Hamilton Spectator - Friday September 18, 2015 Wynne under fire over bonuses to Pan Am executives Ontario is paying big bonuses to Pan American Games executives, doubling the salaries of some top brass. Fifty-three executives on the TO2015 organizing committee are expected to share in $5.7-million worth of bonuses. Some of the money will be shelled out as a reward to executives for not quitting ahead of the Games; some of it is a reward for keeping the Games within their budget. The $2.5-billion Games, however, received a $74-million bailout from the provincial Liberal government last year, raising tough questions about whether the province set the budget artificially high so executives could meet it. The Games, which were held this summer, also saw several cost overruns and delays, most notably for the construction of a soccer stadium in Hamilton. But the contracts were structured so that individual companies building the venues absorbed the extra costs, making it easier for TO2015 to stay within its budget. On Wednesday, the Progressive Conservatives called on the province to freeze all bonus payments to Pan Am executives and asked the Auditor-General to conduct a value-for-money evaluation of the Games. They questioned why the province was choosing to make the payouts at a time when it is facing an $8.5-billion deficit. ÒYou look at these huge amounts being spent on the Pan Am Games É this is in the face of 800,000 Ontarians who donÕt have a family doctor. They just cut 50 residency spots. You see record wait times in long-term care,Ó PC Leader Patrick Brown said. ÒIt begs the question: Where are the governmentÕs priorities?Ó Tory deputy leader Steve Clark said he also wanted to know how the Games could possibly be under budget when the province handed them an extra $74-million last September. At the time, the Liberals said they had to give the Games more money because TO2015 had failed to bring in as much spons

By Graeme MacKay, Editorial Cartoonist, The Hamilton Spectator – Friday September 18, 2015

Wynne under fire over bonuses to Pan Am executives

Ontario is paying big bonuses to Pan American Games executives, doubling the salaries of some top brass.

Fifty-three executives on the TO2015 organizing committee are expected to share in $5.7-million worth of bonuses. Some of the money will be shelled out as a reward to executives for not quitting ahead of the Games; some of it is a reward for keeping the Games within their budget.

Pan Am Guide | by Graeme MacKayThe $2.5-billion Games, however, received a $74-million bailout from the provincial Liberal government last year, raising tough questions about whether the province set the budget artificially high so executives could meet it.

The Games, which were held this summer, also saw several cost overruns and delays, most notably for the construction of a soccer stadium in Hamilton. But the contracts were structured so that individual companies building the venues absorbed the extra costs, making it easier for TO2015 to stay within its budget.

Thursday July 23, 2015On Wednesday, the Progressive Conservatives called on the province to freeze all bonus payments to Pan Am executives and asked the Auditor-General to conduct a value-for-money evaluation of the Games. They questioned why the province was choosing to make the payouts at a time when it is facing an $8.5-billion deficit.

“You look at these huge amounts being spent on the Pan Am Games … this is in the face of 800,000 Ontarians who don’t have a family doctor. They just cut 50 residency spots. You see record wait times in long-term care,” PC Leader Patrick Brown said. “It begs the question: Where are the government’s priorities?”

Tory deputy leader Steve Clark said he also wanted to know how the Games could possibly be under budget when the province handed them an extra $74-million last September. At the time, the Liberals said they had to give the Games more money because TO2015 had failed to bring in as much sponsorship revenue as it was hoping, and also needed more cash to do live broadcasts of some events, expand the torch relay to more communities and build more satellite villages for athletes.

Friday, July 19, 2013Both Pan Am chairman David Peterson, the former Liberal premier, and CEO Saad Rafi refused The Globe and Mail’s interview requests Wednesday.

In a radio interview on 680 News, Mr. Peterson said the Games spent $57-million less than expected on construction, plus saved $10-million from a capital contingency fund. The Pan Am organization also spent “tens of millions” less than it budgeted for operations, he said, but final figures are not yet available.

The bonuses were written into the executives’ contracts when they were hired, he said.

Mr. Peterson said big bonuses are just a fact of life. “When the president of the bank gets a bonus, do you approve of that?” he said. “When you do a good job in your company, you get a bonus – do you approve of that? It’s the way the world works.” (Source: Globe & Mail)

 

Posted in: Ontario Tagged: bonus, committee, David Peterson, Ontario, organizing, Pachi, Pan Am Games, patronage, Porcupine, TO2015

Click on dates to expand

Please note…

This website contains satirical commentaries of current events going back several decades. Some readers may not share this sense of humour nor the opinions expressed by the artist. To understand editorial cartoons it is important to understand their effectiveness as a counterweight to power. It is presumed readers approach satire with a broad minded foundation and healthy knowledge of objective facts of the subjects depicted.

Social Media Connections

Link to our Facebook Page
Link to our Flickr Page
Link to our Pinterest Page
Link to our Twitter Page
Link to our Website Page
  • HOME
  • Sharing
  • The Boutique
  • The Hamilton Spectator
  • Artizans Syndicate
  • Association of Canadian Cartoonists
  • Wes Tyrell
  • Martin Rowson
  • Guy Bado’s Blog
  • You Might be From Hamilton if…
  • MacKay’s Most Viral Cartoon
  • Intellectual Property Thief Donkeys
  • National Newswatch
  • Young Doug Ford

Your one-stop-MacKay-shop…

T-shirts, hoodies, clocks, duvet covers, mugs, stickers, notebooks, smart phone cases and scarfs

Brand New Designs!

Follow me on Twitter

My Tweets
Follow Graeme's board My Own Cartoon Favourites on Pinterest.

MacKay’s Virtual Gallery

Archives

Copyright © 2016 mackaycartoons.net

Powered by Wordpess and Alpha.

 

Loading Comments...